Notice to Members 00-03

Annual Checklist Of NASD Notices to Members

Published Date:

INFORMATIONAL

Notices to Members

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Notices to Members


The National Association of Securities Dealers, Inc. (NASD®) published the following Notices to Members during 1999. Copies are available for $25 per monthly or special issue. A two-volume, bound and indexed edition of the entire year's Notices will be available in late January 2000 for $100. To order, send a check or money order—payable to the National Association of Securities Dealers, Inc.—to NASD MediaSourceSM, P.O. Box 9403, Gaithersburg, MD 20898-9403. Credit card (American Express, MasterCard, or Visa) orders can be processed over the phone by calling (301) 590-6142, Monday through Friday, 9 a.m. to 5 p.m., Eastern Time.

The 1999 Notices to Members are also available on the NASD Regulation, Inc. (NASD RegulationSM) Web Site, www.nasdr.com.

January 1999 Page
99-01 Office Of Disciplinary Affairs To Authorize All Enforcement Actions 3
99-02 NASD Regulation Withdraws Risk Disclosure Proposal 5
99-03 SEC Approves Rule Amendments Requiring Review Of Incoming, Written Correspondence; Effective March 15, 1999 7
99-04 Revised OATS Reporting Technical Specifications Released 13
99-05 SEC Issues Guidance On Handling Customer Orders During Market-Wide Trading Halts 15
99-06 1998-1999 Renewal Rosters And Final Adjusted Invoices 17
99-07 Fixed Income Pricing System Additions, Changes, And Deletions As Of November 23, 1998 19
99-08 Martin Luther King, Jr. Day and Presidents Day: Trade Date-Settlement Date Schedule 27

February 1999 Page
99-09 NASD Regulation Imposes Moratorium On Arbitrator-Ordered Expungements Of Information From The Central Registration Depository 47
99-10 NASD Guidelines For Compliance With New Requirements For Non-California Attorneys Representing Parties In NASD Arbitrations In California 49
99-11 NASD Regulation Issues Guidance Regarding Stock Volatility 55
99-12 NASD Regulation Issues Guidance Concerning The Operation Of Automated Order Execution Systems During Turbulent Market Conditions 59
99-13 Special Notice to Members
NASD Alerts Members To Year 2000 Mandatory Testing Activities		 61
99-14 NASD Grants Exemptive Relief Under MSRB Rule G-37(i) 67
99-15 SEC Approves Rule Amendments Limiting Quotations On OTC Bulletin Board To Reporting Securities 73
99-16 SEC Approves Changes To Rules Regarding Membership And Registration; Investigation And Sanctions; And Conduct And Code Of Procedure 81
99-17 SEC Approves Amendments Regarding Application Of The Corporate Financing Rule To Certain Offerings By Charitable Organizations 97
99-18 Annual Checklist Of NASD Notices to Members 99
99-19 Fixed Income Pricing System Additions, Changes, And Deletions As Of December 22, 1998 105

March 1999 Page
99-20 SEC Approves Rule Change Increasing Position Limits On Standardized Equity Options; NASD Reminds Members Of Their Reporting Obligations When Trading Options 127
99-21 The Nasdaq Stock Market Eliminates The SOES Five-Minute Presumption 133
99-22 Maximum SOES Order Sizes Set To Change April 1, 1999 135
99-23 SEC Approves New Arbitration Fees; Effective March 18, 1999 141
99-24 Fixed Income Pricing System Additions, Changes, And Deletions As Of January 21, 1999 145
99-25 Good Friday: Trade Date-Settlement Date Schedule 149

April 1999 Page
99-26 NASD Will Terminate Form 211 Applications If Applicants Do Not Respond To NASD Deficiency Letters Within 180 Calendar Days 183
99-27 Order Audit Trail System Phase 2 Firms Required To Register; Firms Should Register By April 1, 1999 185
99-28 NASD Reminds Members Of Obligations Relating To The Short-Sale Rule 189
99-29 SEC Approves Changes To Clearly Erroneous Trade Adjudication Procedures; Changes Effective April 26, 1999 191
99-30 Fixed Income Pricing System Additions, Changes, And Deletions As Of February 19, 1999 193
99-31 Memorial Day: Trade Date-Settlement Date Schedule 193
99-32 Special Notice to Members
NASD Regulation Requests Comment On Proposed Rules Regarding Approval Procedures For Day-Trading Accounts, Including Appropriateness Determinations, And Disclosure Of Risks Of Day-Trading Activities; Comment Period Expires May 31, 1999		 217
99-33 Special Notice to Members
NASD Regulation Advises Members About Maintenance Margin Requirements For Certain Volatile Stocks And Solicits Comment On Margin Practices; Comment Period Expires May 31, 1999		 221

May 1999 Page
99-34 NASD Offers Guidance On Complying With New SEC Rule Regarding Alternative Trading Systems; Rule Effective April 21, 1999 227 227
99-35 The NASD Reminds Members Of Their Responsibilities Regarding The Sales Of Variable Annuities 229
99-36 Members Reminded To Report Executive Representative And Address Changes 233
99-37 NASD Reminds Members Of Their Obligations Regarding Electronic Distribution Of Nasdaq And OTC Market Data 235
99-38 Fixed Income Pricing System Additions, Changes, And Deletions As Of March 23, 1999 237
99-39 Special Notice to Members
The NASD Prepares For Move To Decimals		 257
99-40 Special Notice to Members
NASD Informs Members Of Upcoming District Committee And District Nominating Committee Elections		 261

June 1999 Page
99-41 NASD Announces New Electronic Filing System For Corporate Financing Filings 279
99-42 NASD Offers Guidance On Complying With Notice Requirements Of New SEC Rule Regarding Alternative Trading Systems 283
99-43 Update On OTC Bulletin Board Eligibility Rule 285
99-44 SEC Approves Interpretations And Allocation Chart For Proprietary Accounts Of Introducing Broker/Dealers 287
99-45 NASD Provides Guidance On Supervisory Responsibilities 293
99-46 Maximum SOES Order Sizes Set To Change July 1, 1999 303
99-47 Fixed Income Pricing System Additions, Changes, And Deletions As Of April 22, 1999 309
99-48 Independence Day: Trade Date-Settlement Date Schedule 311
99-49 NASD Regulation Provides Interpretive Guidance On Registration Requirements 313
99-50 SEC Approves Amendments To Corporate Financing Rule Filing Fees 315
99-51 NASD Regulation Requests Comment On Requiring Chief Compliance Officers To Be Registered; Comment Period Expires July 16, 1999 319
99-52 Special Notice to Members
Mail Vote—NASD Solicits Vote On Amendments To NASD By-Laws To The Associated Person Definition; Last Voting Date: July 16, 1999		 341

July 1999 Page
99-53 NASD Regulation Offers Guidance To Members Forwarding Mini Tender Offers To Their Customers 349
99-54 NASD Regulation Seeks Comment On Issues Relating To Arbitrator-Ordered Expungements Of Information From The Central Registration Depository; Comment Period Expires July 30, 1999 351
99-55 Questions And Answers Relating To Non-Cash Compensation Rules 355
99-56 NASD Regulation Announces CRD "System Transition Period" Immediately Preceding The Deployment Of Web CRD 359
99-57 SEC Approves Rule Amendments Governing Clearing Firms And Their Introducing Firm Clients' Relationship; Effective Date: July 19, 1999 363
99-58 SEC Grants Exemption From Rule 15c2-11 For Securities Being Removed From The OTCBB Pursuant To The NASD Eligibility Rule 367
99-59 NASD Will No Longer Impose Censures For Some Violations 375
99-60 Fixed Income Pricing System Additions, Changes, And Deletions As Of May 24, 1999 377
99-61 SEC Approves Changes To Rule 4613—Firm Quotation Requirements; Effective Date: August 2, 1999 379
99-62 Special Notice to Members
Nominees For District Committees And District Nominating Committees		 407

August 1999 Page
99-63 SEC Approves And Adopts Revised Forms And Electronic Filing Requirement; New Member Applicants Should Continue To File Paper Forms 421
99-64 Special Notice to Members
NASD Informs Members Of Upcoming Nomination Procedures For Industry Member Vacancies On The National Adjudicatory Council		 423
99-65 SEC Approves Rule Changes To NASD Trade-Reporting Rules For Riskless Principal Transaction In Nasdaq And OTC Securities 427
99-66 SEC Approves Prior Reference Price Trade Modifier, Changes To Bunching Rules, And Riskless Principal Trade-Reporting Rules For The Third Market 437
99-67 NASD Requests Comment On Proposed Amendments To Membership Rules; Comment Period Expires September 13, 1999 449
99-68 NASD Regulation Announces Its Policy On Enforcement Of Disciplinary Sanctions During The Pendency Of Circuit Court Appeals 477
99-69 NASD Regulation Requests Comment On Proposed Trading Halt Rules; Comment Period Expires September 30, 1999 483
99-70 NASD Regulation Announces New Web-Based FOCUS Filing System—To Be Available For September 1999 Filings 483
99-71 Labor Day: Trade Date-Settlement Date Schedule 485
99-72 Fixed Income Pricing System Additions, Changes, And Deletions As Of June 22, 1999 487
99-73 NASD Requests Comment On Proposed Amendments To The Code Of Procedure And Other Provisions; Comment Period Expires September 13, 1999 489
99-74 Special Notice to Members
Nominees For District 10 District Committee And District Nominating Committee		 547

September 1999 Page
99-75 Series 7 Examination Fee Increase Effective September 15, 1999 555
99-76 Update On OTC Bulletin Board Eligibility Rule 557
99-77 NASD Regulation Modifies Default Decision Procedures 559
99-78 Industry/Regulatory Council On Continuing Education Issues Firm Element Advisory 561
99-79 NASD Regulation Requests Comment On Proposed Amendments To Provisions Governing Communications With The Public; Comment Period Expires October 29, 1999 579
99-80 Maximum SOES Order Sizes Set To Change October 1, 1999 597
99-81 NASD Regulation Requests Comment On Proposed Salesperson Compensation Rules; Comment Period Expires October 29, 1999 605
99-82 Fixed Income Pricing System Additions, Changes, And Deletions As Of July 22, 1999 615
99-83 Columbus Day: Trade Date—Settlement Date Schedule 617

October 1999 Page
99-84 NASD To Send Only One Written Notice Before Deducting Delinquent Arbitration Fees From CRD Account 639
99-85 Broker/Dealer And Agent Renewals For 2000; CRD Fee Changes 641
99-86 NASD Regulation Adopts Policy Regarding Imposition And Collection Of Monetary Sanctions 645
99-87 Fixed Income Pricing System Additions, Changes, And Deletions As Of August 23, 1999 649
99-88 Veterans Day And Thanksgiving Day: Trade Dates—Settlement Dates Schedule 651
99-89 NASD Informs Members Of Election Results For District Committees And District Nominating Committees 653

November 1999 Page
99-90 NASD Regulation Announces New Discovery Guide To Be Used In Arbitration Proceedings 687
99-91 NASD Revises And Replaces Notice to Members 99-59 And Issues New Censure Policy 699
99-92 SEC, NASD Regulation, And NYSE Issue Joint Statement On Broker/Dealer Risk Management Practices 703
99-93 Fixed Income Pricing System Additions, Changes, And Deletions As Of September 22, 1999 707
99-94 Christmas Day: Trade Date—Settlement Date Schedule 711
99-95 NASD Announces Changes To The By-Laws Associated Person Definition; Effective Date: December 1, 1999 713

December 1999 Page
99-96 SEC Approves New Arbitration Disclosure Rule And Procedures For Employment Arbitration; Effective Date: January 18, 2000 735
99-97 NASD Office Of The Ombudsman Clarifies Its Role 743
99-98 NASD Regulation Reiterates That Members Must Comply With All Short Sale Rules When Receiving Orders Through Electronic Order Systems Or The Internet And Reiterates The Operation Of The Affirmative Determination Rule 747
99-99 NASD Reiterates Obligations To Display Customer Limit Orders Pursuant To SEC Rule 11Ac1-4 751
99-100 SEC Approves Creation Of Dispute Resolution Subsidiary And Related By-Laws And Rule Changes 753
99-101 NASD Regulation To Launch Additional Form Filing Regulatory Applications 759
99-102 NASD Announces Changes To Regulation T And SEC Rule 15c3-3 Extension Request Reason Codes;Effective Date: February 7, 2000 761
99-103 SEC Approves Rule Change Relating To Sales Charges For Investment Companies And Variable Contracts; Effective Date: April 1, 2000 767
99-104 Maximum SOES Order Sizes Set To Change January 10, 2000 777
99-105 Trade Date—Settlement Date Schedule For 2000 785
99-106 NASD 2000 Holiday Schedule 791
99-107 Fixed Income Pricing System Additions, Changes, And Deletions As Of October 22, 1999 793